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Glimstedt and Cobalt Advise on Resolution Holdings Acquisition of Luminor Bustas

Glimstedt and Cobalt Advise on Resolution Holdings Acquisition of Luminor Bustas

Lithuania
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Glimstedt and Cobalt have advised Resolution Holdings on its acquisition of real estate brokerage company UAB Luminor Bustas from Luminor bank and on its investment in UAB Trecia Diena. The deal value was not disclosed.

The Resolution Holdings company group is present across the Baltic countries. It operates such companies as Newsec valuations, Newsec advisers LT, Newsec Finance LT, Newsec property management LT, Newsec project management, and NWC valuations.

The closing of the transaction is expected to occur in three to four months time. It will be followed by a name change of UAB Luminor Bustas to Resolution. Services will be provided under the Re&Solution brand. 

Cobalt's team was led by Vilnius-based Partner Elijus Burgis and included Associate Julija Timoscenko.

Glimstedt's team consisted of Associate Partner Karolina Baronaite-Birmonte, Senior Associate and attorney-at-law Asta Macijauskiene, Associate Domantas Gudonis, and Junior Associate Simona Butkute.

Lithuanian Knowledge Partner

COBALT is closely integrated alliance of top-tier law offices in Estonia, Latvia, Lithuania and Belarus, making us one of the largest law firms in the Baltic market. 

COBALT is a trusted partner for daily matters and complex large-scale transactions and disputes. The firm’s broad spectrum of expertise and established position as the market leader give a comprehensive basis for providing advice on special areas of business law.

We advise top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups. We offer leading-edge solutions in key industry sectors: Consumer Products, Trade & Distribution, Real Estate & Construction, Pharmaceuticals & Healthcare, Energy & Utilities, Communications, Media & Technologies, Financial Services, Transport & Logistics.

COBALT has been named Baltic Law Firm of the Year 6 times. We were recognized as the Most Innovative Law Firm of the Year 2019 in the Baltics at the IFLR European Awards in London. COBALT also won CEE Legal Matters Deal of the Year Award for Estonia, Latvia, and Lithuania, as well as the overall Baltic Deal of the Year, at the 2019 CEE Legal Matters Awards. We have received multiple awards from the Chambers Europe, IFLR, The Lawyer and Mergermarket and we are regularly listed amongst the top performing M&A legal advisors in the Bloomberg, Thomson Reuters and Mergermarket deal tables

More information on Cobalt can be found at www.cobalt.legal

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